Estate Planning

Student NameCourse Name and CodeSemesterUniversityTutorDate of SubmissionEstate PlanningQuestion 1Alice does not have a deliver the goods and Drew s will has not been updated since his previous marriage . neither of them has power of lawyer which means that they have not mention proper plans for the estates that whitethorn prove hard to distribute to beneficiaries should all(a) of them die (Deaton , 2007 257 . Drew and Alice need to list the dimension in their estates and make a will on how these will be distributed in teddy of their death . This way conflicts among their beneficiaries will be avoided in hereafter when they are goneGiven that Drew and Alice are considering the big affairman to manage each other personal matters in coming(prenominal) , they should consider acquire the power of attorney .

Power of the attorney surrenders a spouse or any other abettor _or_ abettor to act on behalf of the other in plastered matters that they tote up in the presence of the attorney (Smith , 2006 : 98 . A stable power of the attorney allows the partner to come up managing legal affairs of the other person even when he or she becomes alter . This means spouses can manage the business affairs and the property of each other in case of disability or mental incapacitation . A spouse may even allow the other to make important health get by decision on his or her behalf under the health care power of attorney (Smith , 2006 : 103 . Alic e and Drew need to consider getting the powe! r of...If you ask to get a full essay, entrap it on our website: BestEssayCheap.com

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